Interest rates to stay low for 18 months say economists

A poll of 40 economists by Reuters revealed that the financial experts are not forecasting any rise in interest rates until 2017.

The economists believe that, although there is a chance of a further reduction in rates by the Bank of Canada, it is also unlikely if the economy is picking up from the technical recession.

The growth in the second half of 2015 is by no means agreed on by those polled, however. There are, of course, many unknowns, not least of all oil prices, which may mean a change to BoC policy along the way.

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